Table Of Contents

What is Storm Token?

After years of success promoting the blockchain space through our current app, STORM team recognized the additional capabilities that their platform possessed to help the 4.68 billion eligible workers in the world (and not just the 3.4 billion people that can afford to work within today’s systems). By creating a secured, decentralized, micro-task marketplace, they plan to disrupt the current environment by empowering the users. The problem with today’s centralized systems (e.g. Fiverr, Upwork, and Mechanical Turk) is not only the nonsensical high fees (as high as 10-40% of the transaction), but also the lack of freelancer (seller) protections in their platform. It is time to evolve now.

Their vision is to use the power of blockchain to expand our platform to create StorMarket, the first decentralized micro-task marketplace economy. StorMarket will be a place where people can go to utilize their skills and talents to complete various tasks. In addition, automation via blockchain technology will allow for all of the project management and marketing aspect of a micro-task to be integrated into the platform. Blockchain will enable us to be the bridge to a new digital world economy.

By utilizing the power of blockchain, they are expanding our platform to create StorMarket, the first decentralized micro-task marketplace economy.

Token Generation Event (TGE) Structure

Symbol

STORM

Total Supply

7,500,000,000 Tokens to enable a sustainable ecosystem of Micro-tasks with micro-rewards.

Allocation for TGE

66.7% (includes pre-sale)

Pre-sale Period

August 1, 2017

TGE Period

08/15/17 to 09/14/17

Token Distribution Date

Within 1 week at end of token generation event (by 9/21/2017)

* We are using a revolutionary hybrid crowdsale model where $10M will be distributed through Bittrex and $40M through smart contracts.

Token Distribution

7,500,000,000 STORM Tokens will be created.

66.7% of tokens available for TGE(includes presale) (Presale participants will be subject to a 6 month lock)

15% of tokens available for User Rewards (Resource for acquisition, promotion and bonuses within StorMarket)

18.3% of tokens available for employees, contractors and partners of the company (12-month lock placed on staff to uphold long-term commitment to STORM)

Token Info

Symbol: STORM

Token sale opening date: 7. Nov 2017

Token sale closing date: 7. Dec 2017

Concept: Storm Market is a gamified micro-task platform that is changing the way that people all around the world earn with one simple motto: earn from anywhere, at anytime, from any device. Blockchain enables micro-transactions to be carried out in a timely and efficient manner.

It can be traded on HitBTC, Coinrail, Bancor Network, EtherDelta and RadarRelay.

Video Explainer

Our Opinion

Overall we are bullish on this token.The only thing that worries me is how large the uncirculating supply is. This is already a top 100 coin but has a lot of room to grow with some of the use cases I’ve described below.

Some use cases:

Allows unbanked people with internet access a means by which to earn some income (storm tokens). These tokens are inherently valuable because they can be spent on the storm marketplace or traded for ETH/BTC, which can then be turned into fiat.

One of the biggest tasks that’s appealing given the current scene of CS is the idea of labeling machine learning data. This is something that people have used MTurk in the past for, but Storm could provide a cheaper alternative where both parties benefit (buyer gets lower price, data-labeler gets paid more due to lower middleman fees). In addition, it opens the market to a whole new group of people with internet access but no bank.

Freelancing. Again, we can move CS-based freelancing tasks to blockchain payment methods in order to open the market to everyone.

Another freelancing task that could be outsourced is QA testing. Basically – please break my code and make sure that I don’t fail corner cases. This is tedious to do alone, but even with standard good-practice software dev., extra testing always helps.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner.
The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Captain Altcoin is made up of investors and digital currency enthusiasts.

We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high.

What do We Want?

We strive to share the most reliable, interesting, and accurate information to our readers.

CaptainAltcoin.com - All Rights Reserved
This website is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.
CaptainAltcoin.com participates in various affiliate marketing programs, which means CaptainAltcoin.com may get paid commissions on purchases or signups made through our links to other sites.